Today, Rep. Paul Ryan (R-WI) — and his wife Janna — released two years (2010 and 2011) of tax returns on Friday. In 2011, the Ryans paid an effective tax rate of 20%. In 2010, the Ryans paid an effective tax rate of 15.9%.
In 2011, the Ryans reported $323,416 of adjusted gross income. They paid $64,764 in federal income taxes, which is an effective rate of 20%. They donated $12,991 in charity in 2011. The Ryans also reported $116,143 in income from “rental real estate, royalties, partnerships, S corporations, trust, etc.” They have some investments in oil and gas companies. The Ryans also earned $29,987 in dividends and reported $33,153 in capital gains. The had shares of stock in companies such as Southern, Verizon, Frontier Communications and Baxter International.
In 2010, the Ryans reported $215,417 of adjusted gross income. They paid $34,233 in federal income taxes, which is an effective tax rate of 15.9%. They donated $2,600 to charity in 2010. The Ryans earned $26,052 in dividends and reported $3,135 in capital gains. They also reported $39,013 earned from “rental real estate, royalties, partnerships, S corporations, trust, etc.” Some of those properties were in Oklahoma, which is where Ryan’s wife’s family is from. They earned interest and dividends from Johnson Bank, Edward Jones, the trust of Ryan’s wife’s late mother and from various partnerships under Ryan’s name.
In 2011, Ryan and his wife paid a $59 penalty for an underpayment of taxes. They amended their tax return because they had understated their 2011 income by $61,112, income the family received from the trust of Ryan’s wife’s late mother, who passed away in 2010.